Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-07-09
TRADE REVIEW.
The Half Year Opens with an EncOur.
aging 0utlOOk-Crop Reports
Generally Favorable,
The Financial Situation Improved by tho
JuIy Treasury DiSbursemonts-Cot-
ton Too High for Export.

NEW YORK, July S-R. G. Dun & Co.,
IN their weekly review of trade, say the
business OF the broken week has been on
the whole encouraging. The prospects
with which the half year opens
ere generally Satisfactory, and yet
financial uncertainties are not en-
Lirely removed and there remain great
speculative operations which disturb and
threaten. The crop prospects continue
good, though reliable reports of injury
from drouth and bugs come from West
ern Nebraska. The southern reports are
uniformly favorable IS 20 cotton. An il
crease Of IOF per cent. in the acreage of
hay is reported, with a probable increase
Of yield in all sections except in the cen.
trgI west, though The quality is
not so satisfactory. Wheat has
been in large demand exports
from the Atlantic ports having reached
Is, 900 bushels for i've weeks. but the
supply carried over is about as was an
ticipated. California carries over shout
s 300,000 with prices 80 per cent. above
Liverpool, situation which may have
significance, but holders talk Of keeping
their stock through the year st New
York. The great decline which followed
the June corner has invited large export
buying and prices stifen a little.
The financial situation at New
York is better because the treas
ury disbursements have exceeded
the receipts by nearly SO, 100000 the
past week, but ct the same time st
western and southern points, especially
where real estate sales and building have
been active, tigntIess OF money ap-
pears. Thus, money "ClOse" ct Nash
vile, is active at to per cent. st Cleve-
land, and interests to 10 per cent. st
Omaha, where building permits for
81 600, 900 have been issued this yea 2
Western cities have been paying back
pert OF the heavy loans made 50 as 20
meet emergencies after the wheat col
lapse, but the banks at Cincinnati
felt that it is proper to maintain
q strong position, end prefer rot TO 90 /
outside their regular customers. Here /
the feeling prevails that the disturbance !
resulting from the great sp6CUlatlOns !
may not be over, and That the unsettled !
deals and the stock market need close
watching. After some recovery stocks |
were weaker on Wednesday and again on
Friday. The enormous investments in
building Throughout the country on new
railroads and manufacturing companies |
begin to cause apprehension. As to the
treasury accommodations this fall Secretary
Fslrchi.d is said TO be increasingly
anxious to sy0id bond purchases if pos
sIbe.
Foreign trade does not look more
healthy. For two weeks the exports from
New York hsye fallen 9 per cent. below
last year, while the imports average about /
Is per cent. larger than last year. The /
Whest movement hslp5 and the little Tor
eign demand for corn and larger exports |
Of refined sugar, but cotton is heid too /
high for export, though it hGs declined an |
&c, and pork products and oil are pTaCti- !
caily unchanged. Interior reports are !
very favorable for the season, though mid !
summer prospects are not always reliable /
snd exchanges continue large. but reflect !
past rather than new trade. The settle
ment Of important labor troubles has
given satisfaction, but the rise in wages
means larger cost of production with s
possible decrease in demand, while the
situation is not free from menacing IN
sertsinties.
Operations under the Interstate law
continue to lessen fears on that account.
under the act multip!ies every
week, however, and must for p term in
-olve doubt as to the value Of many
properties.